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<br />STATE OF <br />DIVISION Of MI N'ERALS A1D GEOLOGY <br />:Je ^; e'1mK,l d ~~i'u'ul Rt50U1[e$ <br />' .i i 3 Shti min Si ,Room ? 7 i <br />Drm er. Colu:aAo E0]03 <br />atone: ~303i hb6~'Sn: <br />F 4~: ~ ~0 it fi3bfi7 bb <br />Februan~ ?, 1995 <br />'\1r. ]oe Bald\\in <br />Ryan, Ltd. <br />164] - 600 Road <br />\4ontrose, CO S 1401 <br />DURAf~GO <br />.. OFF1C~ <br />COLORADO <br />DEP~1}2T~1ENT OF <br />NATURAL <br />RESOURCES <br />c~.r,;,~.; r <br />jic~E>S L~,J,htad <br />6.n.i.,t D~~rnor <br />••, <h~ri e Lo=c <br />D •. is fun Direnor <br />RE: Ellison !\1ine, D?\1G Reclamation Permit ;\'o. '\1-75-342, status of enforcement action. <br />Dear'\4r. Bald\in: <br />~s you l:no\v, the Formal Public Hearing for the enforcement action regarding failure to pro\ ide <br />adequate financial \\ arranty has been continued to the February 2~-26, 1998 monthly Board <br />\4eetins. The hearing \\ill be held in Room 31S of ]313 Sherman Street, Denver, Colorado, <br />beginning at 9:00 a.rn. or as soon thereafrer as the matter can be considered. <br />In order to resoh~e tlvs enforcement action, the current state reclamation permit holder (R~ran, <br />Ltd.) \vill need to complete one of the follo\ving options prior to the scheduled hearing date: <br />1) Provide to the Colorado Division of Atinerals and Geology ("D:\1G') an acceptable <br />financial \varranty in the amount of 510,7= 0.00. The form of the financial \~-arranty <br />instrument must fully conform \vith one of the various types of bond instruments currently <br />acceptable to the D\7G. namely: a) Check for Deposit in State Treasury; b) Certificate of <br />Deposit; c) Irrevocable Letter of Credit; er d) Corporate Suretv. In addition, the financial <br />warranty must be submitted along \vith properly filled out and executed DA4G bond forms <br />for the type of bond instrument selected. Also, the financial \\arranty must be submitted <br />to, revie\ved, and accepted by the DA1G prior to the date of the hearing. In order to <br />provide D'\QG staff~\~ith sufficient time to review the financial warranty submittal, you will <br />need to submit the financial warranty materials Re\'eral day.5 prior to the scheduled hearing <br />date. Please contact Barb Cltiappone of our Den\•er Office, telephone rto. 303-566-367, <br />to obtain the appropriate bond forms. <br />In the event the D>4G permit holder \\ishes to pursue having the D'\1G accept a Dept of <br />Energy ("DOE") bond in lieu ofa D'\1G bond, the permit holder \\ill need to pro\'ide to <br />the D'\9G, prior to the hearine, sufficient ~\ ritten \ erification from the DOE that: a) The <br />entire 9.0 acre area comprising the D~1G reclamation permit is fully co\ ered by a valid <br />DOE lease; b) The current DOE lease holder is the same entity as the D'\IG reclamatiat <br />permit holder, and c) The DOE financial ~\arranty is valid and corers all reclamation <br />